Bought Sept. 3 Call Options for WM @ 0.58

After missing my order at 0.58 yesterday when the lowest was 0.60. Today, I got several options for $0.58 each on Sept 3 strike price call where the lowest is 0.52 so not that bad. I set the sell price @ 1.18. We'll see if we can see a big jump tomorrow.

Sell 50 shares of FRE @ 3.95

Big up 2 days in a row, so I set a price to sell my 50 shares of FRE @ 3.95 yesterday. After fee, it represents 19.44% of profit in 6 days. Not bad at all, I wish I have more money to put in though, but again this is high risk/high gain investment.

Bought 50 shares of FRE @ 3.05

Well, it's been a while since the last time I trade stocks and options. That's because I almost lost all the money I invested due to bad market. I really think I start investing at the wrong season, and probably I'm too agressive? well anyway I just bought 50 shares of FRE with whatever money left in my account. I probably will sell with it hits close to $5, otherwise I will just keep it in my account. We'll see if the storm will passed by.

Close GRMN July 45 Call @ 1.10

After been holding this options for almost 2 months, I finally sell my GRMN July 45 Call @ 1.10 as it will expired soon. It got a nice rally for the past 2 days and my options worth as low as 0.30 few days ago. Although it went up to 2.05 as day high, I'm still glad I can sell at 1.10 although with loss of 51.14% over the course of almost 2 months.

Crazy sell-off today

Wow.. Dow loses more than 350 points today. What a crazy market, oil keep surging, all economic data looks bad. I bet a lot of investors lose their money, mine's included. When you think the market has rebound, you are wrong. I should keep shorting but now I have no more money left to play any stock and I don't want to deposit more money either. O well I guess we will just see how the rest of my options play out.

Open LVS July 60 Call @ 1.35

Big down for LVS today, I bought more LVS call options, this time is the June 60 Call @ 1.35. I'm still waiting for the big short squeeze, LVS has more than 50% of its outstanding shares borrowed. Let's hope it will happen next week after today's options expiration.

Saying that, my June 65 Call will expired worthless today that's a loss of 100% in around 2 weeks period :(

Open GRMN July 45 Call @ 2

GRMN is really cheap right now, I bought July 45 Call @ 2. If the stock could run up to 50+ range again then I'll be happy :)

On the other hand I missed getting the FSLR 270 June Put options. I set the price at 1.90 and it went day low at 2. Miss by a mere 10 cents! I shouldn't be too picky about it next time. I'm planning to sell it at 4 if I got it at 2 which would be sold in the same day since the day high was 4.20. That would be a quick 100% gain. O well.. hopefully I still had a chance tomorrow!

Close FSLR June 250 Put @ 0.55

I close all my position for FSLR 250 put @ 0.55. I guess I cannot make the right decision twice in the row, the first time I bought at 3.50 and sell at 5.50 at the same day. I'm glad that one on the same day, otherwise my loss would be greater. This time I bought at 3.60 and sell at 0.55. It represents loss of around 95% on the first batch (the one I bought for 8.80) and 85% on the second one (for the 3.60 one) :(

PS: FSLR is trader stock, you always need to follow the direction of the stock, this particular stock advanced 6 days in a row!

Open FSLR 250 Put @ 3.60

I bought more FSLR June 250 Put @ 3.60 after a run up today. We'll see if I will need to sell it at the same day.

Open LVS July 65 Call @ 0.80

It's pretty cheap and I think I will risk buying a July call for 0.80 per contract. I don't buy that much either so not a big deal.

Sell half of my FSLR June 250 Put @ 5.50

Well, after I bought @ 3.50 this morning, I sell it at the same day for 5.50. I just want to sell and lock in the profit before if it ever goes back down again. I still hold the other half with 8.80 as the cost. This sales represents 51.22% profit in period of few hours.

Double my position on FSLR 250 call @ 3.50

I doubled my position for 250 June Call @ 3.50. I hope I made the right decision.

Open FSLR June 250 Put @ 8.80

I haven't been right with FSLR for couple times in a row but most of it with call options. Today, it jumps after ARGUS upgraded it to buy, so I open a June 250 put @ 8.80. Let's see how it roll tomorrow, there will be economic reports about auto sales, and CPI the day after.

Close FSLR June 250 Call @ 6.50

Big drop again today, I close my position at 6.50. Market is not doing well this week and I don't want to hold longer and possibly extend my loss. It represents 32.32% loss in 1 day :(

Open FSLR June 250 Call @ 9.40

I bought FSLR June 250 Call @ 9.40 each. It seems that the stock has some resistance in 240 area. We'll see if it's gonna hold out.

Double my position on LVS June 65 Call @ 2.40

I double my position on LVS June call at 2.40 each. After that it went down as low as 1.90 blah.. o well I'm just going to wait for couple days waiting for this stock to bounce back.

Open June 65 LVS Call @ 2.50

LVS has strong resistance in 63-64 price range. It has been tested 4 days ago. I open June 65 LVS Call at 2.50. On the other hand, my GRMN options that I just sell yesterday take off to 10.50 day high today! I sell all my GRMN on last Friday and yesterday for 5 and 5.90! blah... well at least I still profit rather than taking a loss.

Close GRMN July 45 Call @ 5.90

I sold the other half of my GRMN July 70 call @ 5.90. It represents 71.10% profit in period of around 1 month :)

Right now I don't have any positions at all. I got burned over the last two trades of FSLR. I'm not sure how the market acted these few days, I thought we finally recover from the worst but look how DJI is now under 12,500. Although I expect to see a rebound tomorrow since it has held this resistance level 2 times, today and on may 23rd.

Close FSLR June 300 Call, GRMN Jul 45 Call, LVS June 70 Call

Before I went to sleep yesterday, I set orders to sell my FSLR and GRMN @ 5 each contract. This morning a huge pop for FSLR and my order got executed for 6.50, not bad to get that extra money. I considered myself lucky since I feel regret I didn't sell the FSLR call @ 5 when it reached 5.10 high 2 days earlier especially when FSLR was dropping 20 dollar yesterday. Overall, I lost 73.39% on my FSLR call in 11 days period. I really cannot predict the stock movement anymore, it just went up and down big time. The technical shows that the stock supposed to go down but looks what happen today? luckily I didn't get any short position yesterday. I guess I will just see how the stock movement for the next couple days before jumping in again.

On the other hand, I sold half of my GRMN position and it was executed at day high at that point, it represents 40.70% profit in a month period. I know that I should sell @ 7 when it make more than double about a week ago. Gotta learn not to be a pig next time so I won't get slaughtered. I also sell my LVS June 70 Call @ 2.95, it represents 31.82% profit within a week.

Open LVS June 70 Call @ 2.15

I bought LVS June 70 Call @ 2.15. The stock price has gone down from $76 to $67 in matter of days. I think we will see a nice rebound next week especially when the DJI is around 12,500.

Open FSLR 300 June Call @ 18.40

FSLR dropped a lot in mid-day today. I bought 300 June call at 18.40. I hope we can see a rebound tomorrow.

Close FSLR 280 Put Options @ 0.15

My first FSLR loss. After I get so much money on this stock, finally I lose money on this one. I should have trust my gut on that day when I bought the put options at 4.60 and went to down to 4. This stock is really strong especially when Citigroup just raised its target price to $450 and also it just broke the resistance yesterday. O well, I will just get call from now on this stock. My loss represents 98.56% in a period of 3 days.

On the other hand, my GRMN options is exploding! it gains close to 50% just for today. I know this stock is ready to take off! :)

Close LVS May 70 Put Options @ 1.80

This stock has so much resistance. I finally sell it at 1.80 which is the day high for that period of time. It represents 56.79% loss in period of around 3 weeks. This stock has so much short interest, the total number of short percent float on this stock is more than 40%, any good news will give such a huge short squeeze. Based on the average volume, it will take more than 4 days to cover the short shares.

Close FSLR May 280 Call Options @ 13.20, Open FSLR 290 Put Options @ 4.60

Another big jump by FSLR today, I sold my call position at 13.20, it represents 52.84% profit in period of 1 day. About an hour afterward, I open a 290 May put options @ 4.60. If I can get a decent profit for my put options from the swing today then probably I will sell it. We'll see how this goes.

Open FSLR 280 May Call @ 8.50

FSLR got a significant drop during the first hour of opening. I finally bought a 280 May call options @ 8.50 each. The day low was 6.50 but I miss it since I was on my way to work. I didn't set an order right after I bought my contract since I've been day trading for the past few days and I don't have a day trading account. So we'll see how this goes tomorrow.

Close FSLR May 280 Call Options @ 11

Well, as I mentioned previously in my post. If I can make around 10% today on day trade then I will close my position. I set the order of $11 before I went to lunch. It goes to 12.90 for the day high, I wish I was in front of computer when that happenned but anyway I'm happy enough to get 12.75% in period of 1 hour.

Open FSLR 280 May Call @ 9.60

Yes you read it right. After I sell it today at 10.80. When the stock price pull back, I bought it again at the same price which is 9.60. If I can get 10% return in one day then I will sell it, otherwise I will keep it until next week!

Close FSLR May 280 Call Options @ 10.80

FSLR got a big jump today after Citigroup initiated at Buy and target price of $450. I sold my call options @ 10.80 which represents 10.69% of profit in period of 2 days. I think I will buy again if the price dropped more afterward.

Open FSLR 280 May Call @ 9.60

Today, they have a small jump on FSLR stock. I bought 280 May call at 9.60. Unfortunately, few mins after that the stock heading south. Well, I'm still holding to it and the overall short-term trend for this stock is up so we'll see how that goes tomorrow.

Close FSLR 280 May Put Options @ 11.70

Earlier in the morning, FSLR up more than $9. However, after a short up, the trend started to going downward, I set an order to close at 11.70 before I go to work. The order got executed 2 hours later. Well, I don't get a big profit but 9.78% in period of 1 day is not bad!

Open FSLR 280 May Put @ 10.50

FSLR got a big run today, and I think they are still overpriced plus the trend for this stock is ging down. Therefore, I got a 280 May Put at 10.50.

Close BAC 37.50 Call @ 3 and FSLR 280 Call @ 13.20

BAC and FSLR has a nice jump today, I sold my BAC call @ 3 which represents 20.41% profit in period of around 2 weeks. On the other hand, I'm right on the FSLR call, I has a big jump today after down close to $30 yesterday, I sold my options @ 13.20 which represents 32.73% profit in period of 1 day.

Now, I just need to LVS to drop more so my put options will finally worth something.

Bought FSLR 280 May Call Options @ 9.80

After they drop more than $25 today, I bought a call options for 9.80. We'll see how that goes.

Bought and Close FSLR 280 May Put Options at 8.80 and 10.90

FSLR as usual always have a high jump after their earning. They did it again this quarter, beat the estimation and raise forecast. It's up more than $20 in the morning, I bought a 280 Put options at 8.80 each. Based on historical record, it will always went down the second day. Therefore, I set a sell order at 10.90 and just leave it, few hours later when I check my brokerage account, the order got executed, day high at that time was $12.50. But I'm pretty happy with 21.78% gain in 2 hours period :)

Close AAPL 170 May Call @ 8.80

I finally close my AAPL call options after holding it for a while, I'm really glad I don't lose money this time since they gave a weak forecast for the last quarterly earning result. After the earning, my options goes as low as $2.64, I place an order to double my position at $2.50 since I'm sure it just a market overreaction. However, my order didn't execute so I just hold on to the one that I currently have. Overall, I gain 1.57% for a period of one week.

Bought LVS 70 May Put Options @ 4

Last friday, I bought LVS put options for 4 / contract. I think the gaming industry will not doing well this quarter so I bought put options for it. Earnings date just released today and the stock goes up 5%. I might buy more put options to bet on the earning or possibly a call to hedge my investment. I'm pretty sure they will miss the estimate but the forecast might turn the stock price around especially when it just hits 52 weeks low about a week ago.

Close rest of my May MSFT 30 Call Options @ 2.36

Well, I wanted to buy more this morning. I put the order of 1.80 and it goes to 1.85 the lowest :( So when it reached 2.36, I sell the rest of my options. I'm happy enough to get 87.80% profit in 2 days for my second options package. If it dropped less than $2 before the report then probably I will buy again :)

Close half of MSFT 30 Call Options @ 2.00

I sell half of my options @ 2.00. If it dips some more tomorrow then probably I will buy again. It represents 51.75% gain in one day.

Bought May MSFT 30 Call Options @ 1.23

With earning coming soon, I bought May 30 call options for MSFT @ 1.23 a contract. Let's see if it will blow the earning.

Bought AAPL 170 Call Options @ 8.50

AAPL dropped quite a lot in the morning and I bought 170 Call Options for 8.50 each contract. I believe they will beat the estimate on the earning report so I think during this drop day, it's a good time to buy!

Bought 37.50 May Call Options on BAC

Bank of America will report earning next week monday. Since the market sentiment is doing pretty well now and Citigroup also reporting narrower loss, I think it's the turn around time for financial institution. I bought BAC 37.50 May call options at 2.40. Furthermore, when Bank of America report loss last quarter and totally miss the estimate, the stock actually went up. I hope I'm right!

Open and Close 330 BIDU Put Options

Well, Google earning blow everyone away. When BIDU stock hovering around 333, I got a 330 Put that will expire today at 1.60. I thought it will start going down the hill from then, I was wrong AGAIN! so I finally sell my options at 0.30 a piece. Ended up losing 84.85% in 2 1/2 hour. Arghh.. I rather just gamble and get 500 GOOG call options for 50 cents yesterday duh!

Close FSLR 280 Put Options, Open and Close FSLR 290 Put Options

Well, this afternoon. I bought more 290 Put options for 3.90 but 40 minutes later I sell it for 4 since it's not going down further. I ended break even for that trade. On the other hand, I finally sell my 280 Put options for 1.20. It represents 70% loss in 1 day period. Ughh.. I should not hold this volatile stock overnight :( I just got my profit yesterday but I'm getting burned again today!

Open and Close 280 April PUT options for FSLR

Well, FSLR has a really nice jump today and I didn't get the call options yesterday. but again I think $290 is too high for this stock so I bought a 280 PUT options @ 3.80 when the stock price was $289. Then, I set an order to close at 5.20 which execute about 1 hour and 20 minutes later. I ended up making 33.77% in period about 1 1/2 hour.

EDIT: I enter another order after I sell it for 3.80 and then it executes about 10 mins before market close. Tomorrow, there will be report about housing and CPI (Consumer Price Index) which I don't think it will be good. So we'll see about it.

Close FSLR 260 Put Options

I'm too worried about holding any position over the weekend. I finally sold my FSLR put options, @ 5.60 and @ 5.20. I do not hold any position right now. On average, I lost about 44% :(

I know about the GE result and should play the options on that. O well..

Close AAPL 155 Call @ 3.70, Bought 260 FSLR Put @ 5

I set the price for my AAPL call at 3.70, today the stock receives an upgrade and with many other good reports, it rallied $3 more and hits my order. It represents 48.92% in matter of 3 days. I'm on losing streak here :(

Also, on the other hand. I double my position for FSLR and get more 260 Put options @ $5. My thought is tomorrow the market will go down due to GE earning and other economic datas. Let's hope so!

Bough FSLR 260 Put @ 9.70

I've been really active today. I bought a FSLR 260 Put @ 9.70. The stock has run up like crazy the past week and now it started to drop so I think it's a good time to get a put options for this.

Close BIDU 320 Call @ 5.90

Ok, I have told my self that once it hits 20-25% I would sell the options no matter what. Well, I didn't really watch the ticker carefully and I'm not hoping that the value can drop that fast. I finally sell my BIDU again at 5.90, I lose 41.21% in one day :( I think I should hold off playing options.

Close RIMM 100 Put, Bought BIDU 320 Call

I sold my RIMM 100 Put options for 0.25 today. I don't think it will hit 100 anytime soon and the price gap is too far. On the other hand, after experiencing big loss in my BIDU put options, I bought a 220 call options for it at 9.90 each. I know the current price is pretty high and I hope I bought it at the right time. However, It just broke the $300 price barrier and I believe it should run up to 320 before it finally slow down.

Close BIDU 220 Put Options @ 1.10

Ok, I admit defeat. I finally sold all my BIDU 220 Put options at 1.10 while I still can get some money out of it. It represents loss of 86% in matter of one week. No matter what bad news hit Wall Street, it still turn green. I was betting on unemployment report this Friday but although the number is bad, it still running high. My RIMM also not doing so well, at this time of writing it only worth a mere 0.33. I guess I really need to set a rule on limiting my loss, while on stock the general rule is 8% but since options is 3 times more volatile probably I set my loss limit at 20-25% and stick to it!

Close half of April RIMM 100 Put Options @ 3.10

Well, I close half of my position for my RIMM 100 put options. Earning is tomorrow and previously my guess is that RIMM will go down before the earning and goes back up afterward. Although last time I bought more at 2.20 each but I still think RIMM is a good company and I don't want to risk too much. I will keep the other half of my position to ride through the earning. Let's see!

Personal Income and Inflation Report

Wow, it seems that our economy is getting better. Personal income rose 0.5% which beats the concensus of 0.3%, also personal spending and core cpe inflation is inline with concensus. I guess I bet the wrong side. Anyway, since BIDU up so much today, I bought more put @ 6 each, my average price is now $8. Let's just hope we have a monday blues! DOWN BIDU, DOWN RIMM... :D

Close April 440 GOOG Put Options & Open April BIDU 220 Put Options

After the result from ComScore is dissapointing. Google drop $12 during market open. I close my options @ 19. It represents 7.59% gain in 2 days, not really a lot of profit but considering I was down more than 20% yesterday, I think I'm pretty happy with it. I could've gotten more if I sell within 10 minutes of market open instead of 5 minutes to see the trend better, but hey it's a great learning curve and so far I learned my lesson and still gaining a modest profit :)

On the other hand, I also bought April 220 put options for BIDU @ 10 a pop. Tomorrow is inflation report and based on the news I read, inflation is crazy in February. So, we'll see!

Open April 440 Put Options on GOOG @ 17.50

I believe Google now too high, I bought April 440 Put Options @ 17.50 yesterday.

Today, I also added my put position on RIMM @ 2.20. Now it gives me average price of 4.50.

Open and close 230 BIDU April call options for 17 & 22.20

Well since I missed the boat to buy the call options for BIDU last Thursday. Today, it has a nice pop and I finally jump in to open 230 BIDU April call options for 17 per contract. I ended up closing it in the same day 3 hours later for 22.20. It represents 29.91% profit in 3 hours. Not so bad. Now I just need to watch for my RIMM put options.

Just did a really stupid mistake!

I bought BIDU March 210 call options for 0.20 today thinking tomorrow it will rebound. Then I just realized that tomorrow is Good Friday and all equity options will expired today. Actually, I already know that tomorrow is holiday but for some reason I thought I still have 1 more day and think that today is wednesday. How stupid I am!!! O well I just wasted $45.50 for the 2 contracts + commission in basically 5 minutes for nothing. Ughhh I hate my self!

Open April 100 Put options for RIMM @ 6.80

I bought 1 contract of April 100 Put options for RIMM. I initially set my limit at 5.50 when the price is 5.90 but then I left for lunch and when I come back it's around 6.60 and starts climbing and finally I got it at 6.80. I know that next time I should react faster but last time when I get my GOOG call options, I just left the order and it got executed. I think it all depends on the situation when you see a free fall and climb up really fast, I think it's better to put market order or at least set it on the bid price.

VISA IPO today!

Yup, the much hyped biggest US IPO ever is here. VISA is going public today and raise as much as 15 billion, easily surpass AT&T Wireless 10 billion IPO back in 2000 before being bought by Cingular. Some crazy things happened though, the previously proposed initial price of $37-$42 has been changed to $44. Also, when market open, the ask price is $250!!! can you believe that.. I'm glad no one put a market order for that otherwise he'll get so screwed.

Finally about 30-40 minutes after market open, it started to trade at $60, then go down to as low as $55. For now, I'm just gonna be on the sideline as I think the price is pretty high. I might jump in if it's around high $40. This is a bear market, I don't like risking my money by buying anything that's too high. I rather find other company to short or buy put option.

Close GOOG March 440 Call option @ 13.60

Finally, my first big winner. GOOG has a nice pop today so within 5 minutes after market open, I sell my options at 13.60 / contract. It represents 79.47% profit in 1 day! I hope I can continue like this for at least 10 more times and I will start recover from my loss and looking green for this year :)

Open 1 Contract for March 420 Call options of GOOG

Well, it seems GOOG has been beat down a lot and is due for technical rebound especially with Fed cut that is expected tomorrow. I bought March 420 call options at 7.50. So far it's looking good. I will wait until tomorrow to sell it. We'll see how it goes :)

BIDU down big time!

What a sell off! BIDU went down nearly $25 today, my 250 March put options now worth $13. I could have made a killing IF I don't sell last friday. Again, it's a big IF, that's what happened when you play with stocks, you never know the future. One of my friend sell this morning since it started to creep up again after down about $13 in pre-market, I mean I would do the same thing if I was him and would not wait until mid afternoon like now. Anyway, I'm still glad I don't sell it at loss last Friday otherwise I could've regret it much.

On the other hand, Bear Stearns went down to $3 range from $30 on Friday and mid $50 last Thursday. This is really crazy! JPM Chase try to save the failing company by buying it at $2 / share, I don't know if it's a good deal or wrong move by them. Over the weekend, the emergency move by Fed to cut discount rate by 25 basis points doesn't seem to help that much and the global market also experience sell-off due to concern with the U.S. market. We'll see how the stock market will react in the next few months.

Close BIDU 250 March Put Options @ 4.20

It seems that the stock has a lot of resistance around 265-275 area after a big up due to CPI report and back to red after Bear Stearns concern about its liquidity in the morning. I miss selling it at 5 and the stock turn green again in matter of 10 mins.

Although, DJI down almost 300 points in late afternoon, BIDU still maintain its gain. I ended up selling my options at 4.20 after it started to turn red again. At least I'm not losing any money, but instead gain a mere 1.09% in 3 days period after commission.

I will try to hold off my self into trading at least until the Fed meeting about the rate cut next Tuesday 3/18. Then, after that I will start playing April options.

Bough 2 x BIDU 250 March Put options @ 4.10

I believe the advance for BIDU is running out of steam. I bought 250 put call @ 4.10 when the stock was hovering around 270. I know I miss selling my 270 call options at 14 today instead of 5 yesterday, but I don't regret it. I still happy that I made more than 20% on my options. Next time, I just need to hold on to my profits longer and sell my losses quicker :)

Sell 5 shares of FSLR @ 198.02

I set a stop order at 198 today after a great run yesterday. It hit it this morning and go as low as 195.10. Although, it's currrently at 206 but I'm happy with the 5.93% return in period of 1 day :) I have no idea why I can think of buying small shares of stocks instead of buying options and leverage my gain. O well I'm still in the learning process and I'm sure I'm getting better everyday, I have gained the last 5 stock trades I made.

Close BIDU 270 Call Options @ 5, Bought 5 shares of FSLR @ 185.19

Got a nice rebound today, I sold my BIDU options @ 5 per contract. It represents 23.46% profit in 4 days. Not to shabby. I also bought FSLR after the stock price has been beat down a lot these days @ 185.19 although I only can afford to buy 5 shares.

Bough 2 x BIDU 270 March Call options @ 4

Well, the chart shows that it's trending up, therefore, I bought 2 contract of 270 call options of BIDU @ 4 each. We will see how it goes :)

Sell 300 shares of BRCD @ 7.75

Well, I guess it's good that I learn something from my last lost. Before I got off from work yesterday, I set a stop price of $7.75 GTC. Today, I didn't check my position at all until market close and I saw that it closes at $7.47. My order got executed at $7.75. Therefore, I gain 1.05% in course of 2 days. I know it's not much but better than losing right ;)

Close BIDU 230 Put Options @ 6.80

Uh.. learning is really hard and people are too greedy. I was trying to get my $5 more back from the loss on a Call BIDU options few days ago but it never hits it, the highest it got was $4.10 more. So yeah, I loss 10.60% again in course of 3 days. I really need to learn and put stop price on all my order next time.

Cover 20 RIMM @ 100, Bought 300 BRCD @ 7.64

Today, I cover RIMM @ $100. It represents 6.54% in period of almost two weeks. I also bought 300 BRCD @ 7.64 per share after hearing the news that they will acquire Strategic Business Systems (SBS).

Close 270 Call options BIDU @ 5.40, Open 230 Put Options @ 7.50

Never go against the trend, the market is bigger than you. That's what happened to me to try against the market trend. I thought with the launch of Baidu Hi, the instant messaging offering from Baidu, it will push the stock price up a little bit which it did just on the next day on Friday, 2/29/08. I could get break even or get a little profit if I sell it on that day but again I'm really stubborn and emotions take place.

Anyway, I try to be clear headed today and when the chart showing the trend is downward, I close my $270 call options contract at $5.40, which represents 48.80% loss in merely 2 business days. Ouch..

On the other hand, I bought $230 March PUT options at $7.50 to follow the trend. We'll see how it goes in the next 2 business days, see if I can recoup my loss =)

Bought 1 contract 270 March Call on BIDU @ 10.40

Well, I miss the rally yesterday. Today it goes down a little bit but I see resistance around 260. Therefore, I bought 1 contract 270 March Call options on BIDU @10.40. We'll see how it goes tomorrow!

Buy and Sell BIDU

Today, BIDU starty rallying in the morning. I missed getting my 260 March Call options at $6.60 yesterday (I should've set it and $6.70 and I would get it). Today, the options rallied to $12 and I didn't get it when I set the price at $6.90. Finally, I decided to buy 10 shares of regular stock of BIDU @ $245 a piece. Later on today when I see it tops off, I sell at $252. It represents 2.85% in 2 hours period. Next time, I should learn how to execute my order faster, I missed a great opportunity for buying options yesterday. O well..

Sell 15 shares of AAPL @ $118.27

Well, after holding this shares for a while, it seems that the stock price is not going anywhere soon. I sell my shares at $118.27 after bad analyst review and cut the price target for AAPL. It is representing 12% loss in a month period. I have to get better with this and set a stop-loss order when I buy any stock :(

Shortinggg...

Yesterday, I shorted 10 shares of BIDU at $273.30 but unfortunately it closes at $247.40 because of a good economic news. Today, after it reaches high at $250, I finally cover my position at $241. I know it's almost nothing to gain but at least I don't lose money and regarding commission, I still can free using my Zecco account.

Also, after a good earning report, RIMM gain close to $10, I shorted 20 shares at $107 each. From previous quarters, this gain usually will not last long. We will see in the next few days whether I'm right or not :)

BIDU options expired

Well, although the earning result for the 4th quarter beat the estimate really high, but since they give a lower guidance, the stock price didn't go up that much. My options goes as high as $1.50 although it's finally becoming worthless at $0.05 which will cost me more if I trade since the commission would be greater than my gain. Too bad, but it's the risk of gambling toward the earning.

Close 1 contract of BIDU @ 3.70

Well, since my timing a bit off, my plan to sell before earning is not going to give me any profit. I sell half of options position which is only 1 contract :P and set it at yesterday highest which is $3.70. It executes about 10 minutes before market close. It still lose about 36% in period of 8 days including commission. I will bet on the rest of my options for the earnings.

Position closed on YUM

It seems that the stock won't swing that much in these recent days. Therefore, I set an order limit of 1.10 on my options and it got executed just a while ago. It gives me 11.08% of profit in matter of 2 days. I know it ain't much since it's such a small position but I hope it's a start and hopefully my BIDU options will pay off before the earning :)

Bought 2 contract of Call options on BIDU @ 5.50

It's a sell-off today, the DJI goes down almost by 300 points. In the other hand, BIDU will report earning next wednesday. Therefore, I bought 2 contracts of 300 call options for 5.50 each. Usually, before the earning, it always goes up and I might sell it just before the earning.

Bought 2 contract of Put options on YUM @ 0.90

Yum have earning report today and I'm sure in this economic crisis, not so many people will eat out therefore, I bought put option yesterday. This is my first time buying options and I don't want to start that much therefore, I only buy 2 contracts just to try my guess. The earning report gives a dissapointing outlook and the stock price is dropping, however, it started to go backup again later about an hour later. Unfortunately, I live in PST and I cannot wakeup to check my stock early in the morning, I should've put 1.20 order before I went to sleep yesterday since I'm sure it will execute this morning. O well, I just keep holding into it since it's not a really big price to pay anyway.

Sell 10 shares of GOOG @ $497

Well, Google missed estimate by a mere 1 penny but the stock has been dropping more than 10% because of that. Although, on Friday, it does start gaining upward momentum but today it's going down further. Although, it's really hard for me to sell it but I have set a rule for myself to sell underperforming stock once it goes down 8-10%, I don't want to get burned again like my GME, SINA, BA, GRMN, and YHOO. Therefore, it represents loss of 9.05% in 6 days.

I was really considering myself to buy some put options before the earning just because a lot of people in the discussion board giving such advise. But, if I'm about to buy the $500 put option, it would cost me around $300 per contract and at that time I only gain around $200 ($465 - $445) so I ignored my feeling. I should just take a chance of that small money since it will worth $1800 right now. I also have set a limit order for $570 after I bought my shares but I cancelled just before the earning as I thought it will go beyond that. I should've just stick to the plan, hogs always get slaughtered :( there's a saying that you should buy the stock when you hate it and sell it when you love it. Well it's a learning curve, I will just keep going to live another day.

Bought 15 shares of AAPL at $134.15

After the rate cut, I bought 15 shares of AAPL at $134.15. Just thinking that their stock has been beat down badly after the earning report. Furthermore, the technical indicator shows that the stock has been oversold in the past few days and start to regain some momentum up. I will hold on these at least for few days.

Bought 10 shares of GOOG at $545

Yahoo! just reported a result today and their profit falls as Google gains market share. I bought 10 shares in the after market for $545. The 10 days technical indicator showing that it should go up. Moreover, Google will have earning report on January 31. I'm still deciding whether I should hold it through the earning or selling it right before it. At this volatile market, I don't know what I need to do but we'll just see how Google stock react tomorrow.

Cover AXP at $47.50

Well, I think there's so much hope for Fed cut, although the revenue is under analyst estimate the stock still bouncing up. Last night, before I went to sleep I send a cover order for $45 which is pretty realistic considering it was $46 in after-hour market. I cover my position at $47.50 which I lost 1.68% including commission after one day period. I just don't want to risk the stock getting higher when the fed cut. It's not safe to hold any position at this current market situation. I wish I start shorting in January to make big bucks, but oh well, it's a learning curve.

Note: I also missed shorting VMW when they report earning yesterday. If I know they are going to report earning, I will definitely short them since there are so much expectation by investors and if they miss the analyst estimate, the stock will plunge hard which is what happened today.

Short FSLR and cover my position

Today, I short 10 shares of FSLR @ 178.02 each. And in the very same day, I cover my position for both BIDU and FSLR at $295 and $175 respectively. I gain about 1.88% for BIDU over the weekend and 1.73% for FSLR at the same day. I don't want to hold any position overnight since Fed meeting is tomorrow. I still don't know how the market will react. If the fed cut quarter point then there will be disaster, otherwise if half point, I'm sure it will just go sideways.

Update: I also short 30 shares of American Express (AXP) at $47 each since they will have earning report after market close today. So far, the financial sector always gives bad report and I believe the earning report for AXP would not be great as well, given the market sentiment. The price should go sideways if it's inline with analyst expectation, althought any a bit of bad report or lower guidance will bring it down.

Sell-Off today

After a great earning report by Microsoft and Caterpillar, DJI up 100 points when open but after renewed weakness in the financial sector. I sold all my positions today which includes MSFT, GRMN, SINA, CHL, GME, and YHOO. I still lost a lot of money and gain a bit. I profit 1.56% with MSFT, lost 39.22% with GRMN, 26.50% with SINA, 24.91% with CHL, 14.34% with GME, and 32.92% with YHOO. I know it's a big loss but I think I hold too long with all these shares and didn't pay attention to market sentiment. I learned that hope is not a strategy and that has been a big lesson for me.

As a trader, not a long-term investor, I should pay attention more to the technical indicator instead of the fundamental which what happened to GRMN, despite all the good news the stock price keep dropping everyday. In the other hand I short 10 shares of BIDU at $300.54. This is my first time shorting so we'll see how it goes.

Bought 20 shares of MSFT @ $32.64

Microsoft has a great jump today and indicator shows that the stock should go up. Therefore, I bought 20 shares of MSFT for $32.64 each. Plus, their earning is announced after the market close. They should report a good number due to increased sales in game division. We'll see how it goes :)

Sell 60 shares of CC @ $4.32

After AAPL reported the earning and have a bearish outlook. Their stock dropped so much and bring the overall market down in the after market. Not wanting to be greedy, I set a stop limit on my CC @ $4.32 which represents 15% of profit. The order got executed this morning. Although, it went up to over $5 but I'm happy I'm making 15% in only 5 days. I know the profit is not much due to my small investment but hey it's a start!

Fed Cut!

Fed has been very generous today, they lowered its federal funds rate, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans, to 3.5 percent from 4.25 percent and its discount rate, which is what it costs banks to borrow directly from the central bank, by three-quarters of a point, to 4 percent.

The global sell off that happened everywhere else around the world on monday prompted them to setup an emergency meeting to cut the rate. Dow Jones Industrial index was down 400 points early in the morning but recover after the Fed announcement also it's still down 128 points from previous close.

Meanwhile, my CC is doing really well, my position up 20% from my Friday buy. Too bad, I only bought few shares since I don't have enough buying power. Anyway, I still glad that I bought it. We'll see how it's going tomorrow after AAPL report their earning.

Bought 60 shares of CC @ $3.81

After down for around 28% of my total portfolio, I started reading on trading stock based on technical indicator. To test my knowledge, I bought 60 shares of CC @ $3.81 per share. The technical indicator for CC showing a good bullish progress. The stock has been beat down severely over the last couple months. So I was thinking why not test my newly acquired knowledge. Either way, it's a really small money since that's all I have left in my buying power. LoL... We'll see if my guess is right!

Sell 25 shares of BA @ $79.95

I sell my position of BA (Boeing Airlines) today after Fitch revises the stock rating from positive to stable due to possibility of another delay of the 787. After holding this stock for several months, I decided to cut my loss at 16.37% for a period of 3 months.

What's wrong with people!

I have the largest position on GME. I still believe in gaming sector, therefore, I still keep my position in GME. Today, they announced the result of holiday sales. All the numbers are up, they even raised guidance for Q4 result. However, the stock price plunge more than 5% despite of those positive numbers, I just don't get it sometimes. One Analyst said that "people sell on the news" no matter if it's a good news or bad news. The technical indicators also not looking so great for GME. Pretty soon, people will need to realize that GME is actually a great stock to buy especially after it replaces Dow Jones in S & P 500 index.

GRMN Fall!

After an analyst reduce the target price for GRMN yesterday. Today, it got downgraded by Deutsche Securities from Buy to Hold. The stock price dropped as much as 12% in mid-day. I still hold on to my position since now it has normal P/E compared to competitors so I believe it won't drop down any further.

AAPL finally make its way up after several days of severe beating and go as low as $168.30 but at the end of closing day go back up to $179.40. I hope the uptrend will continue as we start on this new year.

What a crazy market!

Wow... what a brutal sell-off last Friday, all my positions going down, I lost $1k overnight. Today, as in this time of writing, it doesn't get any better. This is a crazy market, investors overreact on any bad news, stock prices can goes down dramatically but really slow to creep up and just before it goes back to its value before it went down, it got hit by another bad news. The U.S. market is really scary these days. I do not consider adding any position in these time, look at AAPL? from $200+ to $180 in matter of days! I think AAPL should be at least more immune than any other volatile stock but it seemed that's not the case. Just brace your self through this bumpy ride, I hope the fed will throw in more good news to fix this chaos! The least they can do is to do a rate cut by half point when they meet the end of this month.

Happy 2008!!!

Wow a year has passed already and we are now heading to 2008! So far year 2007 is not really serving us good with the subprime mess, collapse of china stock. So far, I have lost a big percentage on my china stocks including Yahoo! due to Alibaba hype. Although I still hold most of it and I'm sure in the near term the value will eventually go up again.

I haven't update this blog for a while since I was pretty busy at work and as I mentioned before, I'm trying to restrain myself from buying more stocks in this market. I also just got back from my vacation in Vegas (well I lose some money although not so much).

During my last blog entry I purchased some GME and GRMN. On Dec. 5th I bought 50 shares of GME @ 60.25 in the after-hour market after I heard the news that it will replace Dow Jones in S & P 500! I think I got excited too fast since the next morning it just glance around $58 the next morning. Lesson learned: don't get too excited in after market hour. After few days, on Dec. 11 I bought additional 50 shares of GME @ $58.35 since I believe gaming industry is still really hot for next year.

I also bought GRMN at $108.70 and $107.20 on the same days when the price is keep dropping after heard the news about their contract with homeland security, although so far the stock price is not reacting really well but I still keep my faith!

O well that's all for the update, after I sell some of my positions probably I can be more actively trading. I missed the opportunity to get AAPL at $179 when I maxed out my margin :(